On February 24, 1999, the face amount of marketable U.S. government securities held in custody by theFederal Reserve Banks for foreign official and international accounts was 597,449 million, a change of -$ 1,206 million for the week. The total includes the face value of U.S. Treasury strips and other zerocoupon bonds.1 Net of $ 16,734 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 16,734 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities.2 Net of $ 15,940 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 15,940 million was with foreign official and international accounts. Includes $ 647 million securities loaned--fully secured U.S. government securities.3 Includes $ 4,087 million of inflation-indexed securities valued at the original face amount and $ 77 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Consists of required clearing balances of $ 6,561 million and adjustments of $ 385 million to compensate for float.5 Excludes required clearing balances and adjustments to compensate for float.

* Estimated (Treasury's figures).Components may not add to totals due to rounding.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKSMillions of Dollars

Change Since

ASSETS

*

Wednesday Feb 24, 1999

Wednesday Feb 17, 1999

Wednesday Feb 25, 1998

Gold certificate account

11,048

- 1

- 2

Special drawing rights certificate account

9,200

0

0

Coin

454

- 22

- 115

Loans

445

+ 378

+ 428

Acceptances

0

0

0

Federal agency obligations

Bought outright

336

0

- 339

Held under repurchase agreements (1)

7,223

+ 3,909

+ 5,613

U.S. government securities

Bought outright--Bills

199,760

+ 1,966

+ 3,703

Notes (2)

189,793

+ 2,029

+ 17,393

Bonds (3)

71,553

+ 124

+ 10,821

Total bought outright (4)

461,106

+ 4,119

+ 31,917

Held under repurchase agreements (1)

9,870

+ 5,769

- 2,210

Total U.S. government securities

470,976

+ 9,888

+ 29,707

Total loans and securities

478,980

+ 14,176

+ 35,409

Items in process of collection

(621)

6,803

- 8,028

- 396

Bank premises

1,303

+ 2

+ 27

Other assets (5)

33,930

+ 1,077

+ 3,876

TOTAL ASSETS

(621)

541,717

+ 7,201

+ 38,799

LIABILITIES

Federal Reserve notes

486,978

- 206

+ 38,629

Deposits

Depository institutions

25,662

+ 10,958

- 1,813

U.S. Treasury--general account

4,753

- 140

+ 355

Foreign--official accounts

218

+ 33

+ 24

Other

(0)

271

- 20

- 103

Total deposits

(0)

30,905

+ 10,832

- 1,535

Deferred availability cash items

(621)

6,976

- 3,587

+ 778

Other liabilities and accrued dividends (6)

4,285

+ 73

- 431

TOTAL LIABILITIES

(621)

529,144

+ 7,112

+ 37,440

CAPITAL ACCOUNTS

Capital paid in

6,069

+ 50

+ 591

Surplus

5,952

0

+ 732

Other capital accounts

552

+ 40

+ 35

*Figures in parentheses are the eliminations made in the consolidation process.1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ 0 million was outstanding at the end of the latest statement week.2 Includes $ 3,267 million of inflation-indexed securities valued at the original face amount and $ 66 million of compensation that adjusts for the effects of inflation on the principal of such securities.3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and $ 11 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Net of $ 15,940 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 647 million securities loaned--fully secured by U.S. government securities.5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days.6 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.

MATURITY DISTRIBUTION OF LOANS AND SECURITIES, February 24, 1999Holdings of securities include securitites held under repurchase agreements, which are classified accordingto remaining maturity.

Millions of dollars

U.S. government securities (1)

Federal agency obligations

Loans

Acceptances

Holdings

Weekly changes

Holdings

Weekly changes

Within 15 days

445

0

Within 15 days

24,996

+ 5,749

7,248

+ 3,934

16 to 90 days

0

0

16 to 90 days

98,522

+ 2,330

0

- 25

Over 90 days

0

0

91 days to 1 year

133,298

- 345

106

0

Over 1 to 5 years

110,291

+ 1,820

30

0

Over 5 to 10 years

46,246

+ 335

175

0

Over 10 years

57,623

0

0

0

Total

445

0

Total

470,976

+ 9,888

7,559

+ 3,909

1 Includes $ 4,087 million of inflation-indexed securities valued at the original face amount and $ 77 million of compensation that adjusts for the effects of inflation on the principal of such securities.Components may not add to totals due to rounding.

H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 24, 1999Millions of dollars

ASSETS

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Gold certificate account

11,048

582

4,208

323

643

807

717

998

358

128

289

530

1,465

Special drawing rights certif. acct.

9,200

530

3,202

282

574

792

602

900

340

123

247

367

1,241

Coin

454

24

17

35

25

65

60

46

18

21

35

46

62

Loans

445

3

0

1

0

394

4

41

0

0

2

0

0

Acceptances

0

0

0

0

0

0

0

0

0

0

0

0

0

Federal agency obligations

Bought outright

336

18

124

10

22

26

20

32

12

4

9

15

42

Held under repurchase agreements(1)

7,223

0

7,223

0

0

0

0

0

0

0

0

0

0

U.S. government securities

Bought outright--Bills

199,760

10,879

74,039

5,808

12,983

15,736

12,152

19,177

7,020

2,195

5,541

9,083

25,147

Notes (2)

189,793

10,337

70,345

5,518

12,335

14,951

11,545

18,221

6,670

2,085

5,265

8,630

23,893

Bonds (3)

71,553

3,897

26,521

2,080

4,650

5,637

4,353

6,869

2,514

786

1,985

3,253

9,008

Total bought outright(4)

461,106

25,113

170,905

13,406

29,969

36,323

28,050

44,267

16,204

5,066

12,791

20,966

58,047

Held under repurchase agreements(1)

9,870

0

9,870

0

0

0

0

0

0

0

0

0

0

Total U.S.govt. securities

470,976

25,113

180,775

13,406

29,969

36,323

28,050

44,267

16,204

5,066

12,791

20,966

58,047

Total loans and securities

478,980

25,134

188,122

13,416

29,990

36,744

28,074

44,341

16,216

5,069

12,803

20,981

58,090

Items in process of collection

7,423

430

822

411

476

603

977

491

310

491

364

318

1,730

Bank premises

1,303

93

158

50

158

125

86

106

32

130

53

149

162

Other assets(5)

33,930

1,531

10,706

948

2,081

5,079

2,136

3,036

824

823

810

1,298

4,656

Interdistrict settlement account

0

+ 2,123

- 5,421

+ 2,428

- 4,679

+ 2,189

+ 1,912

+ 5,843

+ 500

+ 1,523

+ 1,282

+ 1,383

- 9,084

TOTAL ASSETS

542,338

30,448

201,815

17,892

29,269

46,404

34,564

55,761

18,598

8,309

15,883

25,072

58,322

1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ 0 was outstanding at the end of the latest statement week.2 Includes $ 3,267 million of inflation-indexed securities valued at the original face amount and $ 66 million of compensation that adjusts for the effects of inflation on the principal of such securities.3 Includes $ 820 million of inflation-indexed securities valued at the original face amount and $ 11 million of compensation that adjusts for the effects of inflation on the principal of such securities.4 Net of $ 15,940 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 647 million securities loaned--fully secured by U.S. government securities.5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days.Components may not add to totals due to rounding.

H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 24, 1999Millions of dollars

LIABILITIES

Total

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

SanFrancisco

Federal Reserve notes

486,978

27,547

186,639

16,475

26,736

37,838

30,605

49,072

17,166

6,499

14,340

22,778

51,285

Deposits

Depository institutions

25,662

1,689

4,953

515

1,087

5,013

1,769

4,527

677

770

625

1,260

2,776

U.S. Treasury--general account

4,753

0

4,753

0

0

0

0

0

0

0

0

0

0

Foreign--official accounts

218

7

102

4

10

30

10

14

3

5

3

6

24

Other

271

0

142

1

3

88

11

3

8

0

12

1

2

Total deposits

30,905

1,696

9,950

520

1,100

5,132

1,791

4,544

688

775

641

1,266

2,802

Deferred credit items

7,597

405

906

383

334

582

1,026

518

325

535

445

361

1,777

Other liabilities and accrued dividends (1)

4,285

230

1,537

149

266

340

284

399

165

82

149

198

485

TOTAL LIABILITIES

529,764

29,878

199,032

17,526

28,435

43,891 ;

33,706

54,534

18,344

7,891

15,575

24,602

56,348

CAPITAL ACCOUNTS

Capital paid in

6,069

284

1,304

176

402

1,234

412

594

119

209

153

224

957

Surplus

5,952

267

1,208

177

399

1,238

418

583

121

202

140

227

972

Other capital accounts

552

18

270

13

33

41

28

50

15

6

15

18

45

TOTAL LIABILITIES AND CAPITAL ACCOUNTS

542,338

30,448

201,815

17,892

29,269

46,404

34,564

55,761

18,598

8,309

15,883

25,072

58,322

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding

639,119

32,559

245,503

19,495

31,128

51,053

44,882

60,661

20,780

8,274

18,641

33,438

72,703

Less--Held by F.R. Banks

152,141

5,012

58,864

3,020

4,393

13,216

14,278

11,589

3,614

1,775

4,302

10,661

21,419

F.R. notes, net

486,978

27,547

186,639

16,475

26,736

37,838

30,605

49,072

17,166

6,499

14,340

22,778

51,285

Collateral held against F.R. notes

Gold certificate account

11,048

Special drawing rights certificate account

9,200

Other eligible assets

0

U.S.govt. and agency securities

466,730

Total collateral

486,978

1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.Components may not add to totals due to rounding.